The Daily Market Forecast
Tuesday’s Best S&P Turning Points Results: Shorting 3777.50 stopped out.
Quick Tip: Futures Rule
If you’re know all the benefits of trading the Futures markets skip to the World Sentiment Index below. If you do not, this will be an eye-opener for you.
Here are the 5 key benefits of trading Futures:
1. Accessibility: Markets are open 23 hours/day from 6PM ET on Sunday to 5PM ET on Friday
2. Diversity: Trade stock indexes worldwide, popular cryptocurrencies, currencies, interest rates, metals, energies, agricultural, meats, and “softs” (think cotton).
3. Minimal Capital Required: With the release of smaller (Micro) contract sizes it is now possible for a retail trader to get started with $5000 assuming good risk management.
4. Superior Leverage: Depending on the contract, several times better than the stock market.
5. Tax Break: Futures gains are taxed differently and always less than other markets.
Curious to know more? Click here to read the entire white paper “Why Trade Futures.”
The World Sentiment Index: (+100/-100) PLUMMETS from +57 to -36 with most major world markets Bearish. Historically higher closes from the open occurred 56% of the time with down moves 32% greater than up moves.
Catalysts: ADP Employment Report @ 8:15. International Trade @ 8:30. ISM Services Index @ 10:00. EIA Petroleum Status Report @ 10:30. OPEC Meeting considering lowering production.
Today’s Best S&P Turning Points (consider wider stops and less size in fast moving markets):
Short 3791.75 stop 3797.50.
Buy 3736.75 stop 3731.00.
Trade Fearlessly,
Mike Siewruk
P.S. Multiple strategies, software tools, teammates, and coaching. Learn why you should join our team here. For a personal consultation to assess fit (without selling) email me for an appointment: mike@thedailymarketforecast.